17 October, 2016

Main Events in Telangana Formation Movement(1948-2014)

The major events in state formation movement.

-- Till 1948 the Telangana area was part of Hyderabad state.In 1948 September 17th Hyderabad state merged into Bharat union.

--In 1950 January 26 the Indian govt declared M.K.Vellodi as a chief minister of Hyderabad state.
After the first general elections in Hyderabad state in 1952, Mr. Boorgula Ramakrishna Rao elected as a chief minister of Hyderabad state.

--In 1953 November 1,state oAndhraha has formed after splitting from Madras.kurnool was the capital of the city at that time.

--In 1953 the Govt of India has proposed to merge the telugu speaking states.The chief minister ramakrishna has agreed for the proposal to merge the Hyderabad state into Aandhra.

-- There was a agreement between the Aandhra and Telanagana for special benefits for the people in Telanagana.This happened on 1956 Feb 20.

-- Based on the state reorganisation law, the telugu speaking places in hyderabad state were merged into Andra.In 1956 Novemebr 1 the state of Aandhra pradesh has formed.Hyderabad was the capital for the state of aandhra pradesh.

--The movement for special state has commenced in 1969.

--Marri chenna reddy has formed Telangana Praja Samithi to fight for state of telangana.

--In 1972 the Jai Aandhra Movement has been started.

--In 1973 september 21 ''SIX FORMULA SCHEME'' has been implemented by Govt of India.

-- G.O.610 has came into action on 1985 for the officers in Telangana.

-- In 2001 april 27  The Telangana state samithi has been formed by KCR.

-- Between 2011-12 Million March,Chalo Assembly,Sakala Janula Samme were the main movements.

-- In 2013 july the UPA govt has intiated the formation of Telanagana state.
-- The bill ''Aandhra pradesh state reorganisation bill" was been approved in the parliment on Feb 2014.

--In 2014 June 2 the Telangana state has been officially declared.

22 August, 2016

P V Sindhu - Rewards For Winning Silver Medal In Rio Olympics.
























*Based on the announcements as of 22 nd August 2016.

About P V SINDHU - The First Women to win Silver Medal from India.


Pusarla Venkata Sindhu,The women behind India's smile and pride in Rio Olympics 2016 as she won Silver medal in Badminton from India.
She was born on 5th July 1995 ,Hyderabad and she has done her education from st Ann's college for Women.Her parents are P.V.Ramana and Vijaya.
She has won several prestigious awards in Badminton.She has awarded with Padma shri and Arjun award for badminton.
She has came into lime light in the year 2012 when she broke into the Top 20 of the BWF world ranking.

She was born to Ramana and Vijaya  who were professional Volleyball Players.Sindhu chosed badminton by taking inspiration of Pullela Gopichand.She started playing badminton at the age of 8.

Individual Titles.

S. No. Year Tournament Opponent in final
1 2011 Indonesia International  Fransisca Ratnasari
2 2013 Malaysia Masters  Gu Juan
3 2013 Macau Open  Michelle Li
4 2014 Macau Open  Kim Hyo-min
5 2015 Macau Open  Minatsu Mitani
6 2016 Malaysia Masters  Kirsty Gilmour

Major Achievements;-
In Total Sindhu has Played 270 singles and 17 Doubles tournaments.
Her commitment and dedication towards the badminton has made her Gold Lady for India by winning Silver at Rio Olympics 2016.
Hats off to you Sindhu.


11 August, 2016

KRISHNA PUSHKARALU 2016-TELANGANA

Krishna Pushkaralu, it is a  12-day festival of worshipping the river is held once in 12 years. Every 12th year Jupiter’s enter into the constellation Virgo (Kanya rasi) marks the Pushkaram for Krishna. The celebrations include reverence of ancestors, spiritual discourses, devotional music and cultural programmes.
The first twelve days are known as Adi Pushkaram, and the last twelve days are called Anthya Pushkaram. 
Krishna Pushkaralu 2016 Places in Telangana:
Krishna river goes through only Nalgonda and Mahbubnagar districts in Telangana. Krishna Pushkaralu will celebrate in Telangana Two Districts Mahaboobnagar and Nalgonda.

Mahaboobnagar District Krishna Pushkaralu places are: Jurala, Beechupalli, Rangapur, Alampur, Nadi Agraharam, Chintarevula, Nandimalla (Narayanpet), Krishna, Pasupula and Panchadev Padu (Maktal), Chellepad (Weepanagandla), Jataprole (Weepanagandla), Somasila (Kollapur), Malleswaram, Manchalakatta and Lingala.


In Nalgonda District Krishna Pushkaralu places are: Nagarjunasagar, Wadapally in Damaracharla mandal, Mattapally and , apart from 5 places of Mellacheruvu mandal, Utlapally in Peddavura mandal, Adavidevulapally in Damaracharla, Mahankaligudem in Nereducharla are locations.

03 August, 2016

GST - How It Works


The GST Goods and Service Tax ,How it is different from the current Tax structure.

Stage 1 :- Consider a garments manufacturer,he buys raw material worth 1000/-,It includes a tax lets say 10%.By using these raw material he manufacture ready  made garments.After the manufacturing he priced the good at 1300(1000+300) as he adds value in the manufacturing process.
At a tax rate of 10% the tax on the finished good is 130/-.But under GST he can set off this tax against tax he already paid on raw material.Then the effective GST would be 130-100 = 30.

Stage 2 :-Then wholesaler will purchase the goods at 1300 and he adds his margin lets say 200.then it would be 1500.At 10% tax rate the tax on this would be 150/-.But he can set off his tax as he already paid tax of 130,so the effective tax would be 150-130=20.

Stage 3:-The retailer gets the product from wholesaler at price of 1500.then he adds his margin lets say 100.The effective value would be 1600.At 10% tax he can set off tax of tax i.e.160-150=10.

Because of this there will be no cascading effect of Tax on Taxes.Thereby the effective final price will come down.

GST-GOODS AND SERVICES TAX BILL

The Goods and Services Tax Bill or GST Bill , officially known as The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014, proposes a national Value added Tax to be implemented in India from June 2016.
"Goods and Services Tax" would be a comprehensive indirect tax on manufacture, sale and consumption of goods and services throughout India, to replace taxes levied by the Central and State governments. Goods and services tax would be levied and collected at each stage of sale or purchase of goods or services based on the input tax credit method. This method allows GST-registered businesses to claim tax credit to the value of GST they paid on purchase of goods or services as part of their normal commercial activity. Taxable goods and services are not distinguished from one another and are taxed at a single rate in a supply chain till the goods or services reach the consumer. Administrative responsibility would generally rest with a single authority to levy tax on goods and services.Exports would be zero-rated and imports would be levied the same taxes as domestic goods and services adhering to the destination principle.
Salient Features:-
The salient features about this legislation were first time discussed in its first discussion paper in year 2009. We will reproduce the features discussed here again to understand this act very well.
(i) The GST shall have two components: one levied by the Centre (hereinafter referred to as Central GST), and the other levied by the States (hereinafter referred to as State GST). Rates for Central GST and State GST would be prescribed appropriately, reflecting revenue considerations and acceptability. This dual GST model would be implemented through multiple statutes (one for CGST and SGST statute for every State).
However, the basic features of law such as chargeability, definition of taxable event and taxable person, measure of levy including valuation provisions, basis of classification etc. would be uniform across these statutes as far as practicable.
(ii) The Central GST and the State GST would be applicable to all transactions of goods and services made for a consideration except the exempted goods and services, goods which are outside the purview of GST and the transactions which are below the prescribed threshold limits.
(iii) The Central GST and State GST are to be paid to the accounts of the Centre and the States separately. It would have to be ensured that account-heads for all services and goods would have indication whether it relates to Central GST or State GST (with identification of the State to whom the tax is to be credited).
(iv) Since the Central GST and State GST are to be treated separately, taxes paid against the Central GST shall be allowed to be taken as input tax credit (ITC) for the Central GST and could be utilized only against the payment of Central GST.
(v) Cross utilization of ITC between the Central GST and the State GST would not be allowed except in the case of inter-State supply of goods and services under the IGST model which is explained later.
(vi) Ideally, the problem related to credit accumulation on account of refund of GST should be avoided by both the Centre and the States except in the cases such as exports, purchase of capital goods, input tax at higher rate than output tax etc. where, again refund/adjustment should be completed in a time bound manner.
(vii) To the extent feasible, uniform procedure for collection of both Central GST and State GST would be prescribed in the respective legislation for Central GST and State GST.
(viii) The administration of the Central GST to the Centre and for State GST to the States would be given. This would imply that the Centre and the States would have concurrent jurisdiction for the entire value chain and for all taxpayers on the basis of thresholds for goods and services prescribed for the States and the Centre.
(ix) The present threshold prescribed in different State VAT Acts below which VAT is not applicable varies from State to State. A uniform State GST threshold across States is desirable and, therefore, it is considered that a threshold of gross annual turnover of Rs.10 lakh both for goods and services for all the States and Union Territories may be adopted with adequate compensation for the States (particularly, the States in North-Eastern Region and Special Category States) where lower threshold had prevailed in the VAT regime. Keeping in view the interest of small traders and small scale industries and to avoid dual control, the States also considered that the threshold for Central GST for goods may be kept at Rs.1.5 crore and the threshold for Central GST for services may also be appropriately high. It may be mentioned that even now there is a separate threshold of services (Rs. 10 lakh) and goods (Rs. 1.5 crore) in the Service Tax and CENVAT.
(x) The States are also of the view that Composition/Compounding Scheme for the purpose of GST should have an upper ceiling on gross annual turnover and a floor tax rate with respect to gross annual turnover. In particular, there would be a compounding cut-off at Rs. 50 lakh of gross annual turn over and a floor rate of 0.5% across the States. The scheme would also allow option for GST registration for dealers with turnover below the compounding cut-off.
(xi) The taxpayer would need to submit periodical returns, in common format as far as possible, to both the Central GST authority and to the concerned State GST authorities.
(xii) Each taxpayer would be allotted a PAN-linked taxpayer identification number with a total of 13/15 digits. This would bring the GST PAN-linked system in line with the prevailing PAN-based system for Income tax, facilitating data exchange and taxpayer compliance.
(xiii) Keeping in mind the need of tax payer’s convenience, functions such as assessment, enforcement, scrutiny and audit would be undertaken by the authority which is collecting the tax, with information sharing between the Centre and the States.

02 August, 2016

AWARDS & RECOGNITION FOR TELANGANA



1).On 24th June 2016 Telangana police got MEA's ''certificate of recognition'' for VeriFast.It is a application that fasten the verification process in issuance of passport.

2).On 18th March 2016,Mr KTR has received Skoch challenger award in startup India category.

3)Telangana bureaucrats won Skoch award in social inclusion category.

4)On 15th Mar 2016, Telangana state skill development mission (TSSDM) got ASSOCHAM award.

5)On 23rd Jan 2016 TASK (Telangana Academy For Skill And Knowledge)selected for PRCI Chanakya Academic Excellence award.

6)Minister Mr KTR chosen for the Audi-Ritz inspirational icon of the year for politics in 2015.

7) On 15th Feb 2015 Telangana was awarded''Outstanding performer in promotion of renewable energy''.